Kinetik Holdings (KNTK) reported Q1 earnings late Wednesday of $0.05 per diluted share, down from $0.12 a year earlier.

Analysts polled by FactSet expected $0.31.

Revenue for the quarter ended March 31 was $443.3 million, up from $341.4 million a year earlier.

Four analysts surveyed by FactSet expected $438.8 million.

The company affirmed full-year 2025 adjusted earnings before interest, taxes, depreciation and amortization outlook of $1.09 billion to $1.15 billion. Analysts polled by FactSet expect $1.11 billion.

Kinetik said its board authorized an increase to its existing share repurchase program to $500 million.

Shares of the company were up nearly 1.3% in after-hours activity.